https://scholars.lib.ntu.edu.tw/handle/123456789/414415
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Huang R.J. | en_US |
dc.contributor.author | Muermann A. | en_US |
dc.contributor.author | Tzeng L.Y. | en_US |
dc.creator | Tzeng L.Y.;Muermann A.;Huang R.J. | - |
dc.date.accessioned | 2019-07-22T07:00:30Z | - |
dc.date.available | 2019-07-22T07:00:30Z | - |
dc.date.issued | 2016 | - |
dc.identifier.issn | 00224367 | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414415 | - |
dc.description.abstract | We examine insurance markets with two-dimensional asymmetric information on risk type and on preferences related to regret. In contrast to Rothschild and Stiglitz (), the equilibrium can be efficient; that is, it can coincide with the equilibrium under full information. Furthermore, we show that pooling, semipooling, and separating equilibria can exist. Specifically, there exist separating equilibria that predict a positive correlation between the level of insurance coverage and risk type, as in the standard economic models of adverse selection, but there also exist separating equilibria that predict a negative correlation between the level of insurance coverage and risk type. Since optimal choice of regretful customers depends on foregone alternatives, the equilibrium includes a contract that is offered but not purchased. ? American Risk and Insurance Association. | - |
dc.language | English | - |
dc.relation.ispartof | Journal of Risk and Insurance | - |
dc.title | Hidden regret in insurance markets | en_US |
dc.type | journal article | en |
dc.identifier.doi | 10.1111/jori.12096 | - |
dc.identifier.scopus | 2-s2.0-84958163537 | - |
dc.identifier.url | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84958163537&doi=10.1111%2fjori.12096&partnerID=40&md5=97941b2413d8ec31ed987b390ac0644d | - |
dc.relation.pages | 181-216 | - |
dc.relation.journalvolume | 83 | - |
dc.relation.journalissue | 1 | - |
item.cerifentitytype | Publications | - |
item.openairetype | journal article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.fulltext | no fulltext | - |
crisitem.author.dept | Finance | - |
crisitem.author.dept | Center for Research in Econometric Theory and Applications (CRETA) | - |
crisitem.author.parentorg | College of Management | - |
crisitem.author.parentorg | Others: University-Level Research Centers | - |
Appears in Collections: | 財務金融學系 |
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